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Paul Ligon, Senior Vice President of Sustainable Growth at Casella Waste Systems Inc. (NASDAQ:CWST), recently sold a significant portion of his holdings in the company. According to a recent SEC filing, Ligon sold a total of 2,000 shares of Class A common stock on April 16, generating approximately $237,350. The shares were sold at prices ranging from $117.65 to $120.32 per share, near the company’s 52-week high of $120.69. With a market capitalization of $7.5 billion, CWST has demonstrated strong momentum, delivering a 27.6% return over the past year. Following these transactions, Ligon retains direct ownership of 20,347 shares in the company. The sales were executed under a pre-established Rule 10b5-1 trading plan, which was adopted on December 16, 2024. According to InvestingPro analysis, CWST maintains a "FAIR" overall financial health score, with particularly strong price momentum metrics. For deeper insights into insider trading patterns and comprehensive financial analysis, investors can access the detailed Pro Research Report, available exclusively to InvestingPro subscribers.
In other recent news, Casella Waste Systems reported its financial results for the fourth quarter of 2024, showcasing a revenue increase of 18.9% year-over-year to $427.5 million, surpassing forecasts. However, the company missed its earnings per share (EPS) forecast, reporting $0.08 against an expected $0.16. Despite this, Casella Waste’s adjusted EBITDA grew by over 20% for the fiscal year, alongside a 23% rise in adjusted free cash flow. Looking forward, the company projects a revenue growth of 15% for 2025, with anticipated revenues between $1.775 and $1.805 billion. Stifel analysts have responded to Casella Waste’s recent performance by increasing the stock target to $129 while maintaining a Buy rating, reflecting confidence in the company’s growth trajectory. The company’s strategic mergers and acquisitions, which have exceeded $1.6 billion, continue to be a significant driver of growth. Casella Waste’s robust deal pipeline and ongoing investments in technology and operational efficiencies are expected to support future expansion.
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